A $195,000 UNDERBID in St. Francis Wood? Well, that got my attention!
At 20 San Lorenzo Way, a 1923 Dutch Colonial Revival originally listed for $2,750,000 and closed October 19 for $2,555,000. That’s 7.09% below asking.
The four-bedroom, two-bath home has 2,160 square feet, an updated kitchen, a deck overlooking mature gardens, and even peek-a-boo ocean views from the primary suite. Not a bad package in one of San Francisco’s more distinctive neighborhoods!
But there’s a little something in the fine print. The property was tenant-occupied, showings required 24 hours’ notice, and possession was subject to tenant rights.
Did that influence the final sale price? Possibly. Tenant-occupied properties can come with complications for buyers, especially those hoping to move right in.
Nearly $200,000 below asking sounds pretty sweet… but whether the buyer scored a bargain is another story.
For more Underbid sales, head to The Goods.
Thinking of buying or selling? Contact us today to work with the only realtor in SF giving back to the planet with each transaction.
– 20 San Lorenzo Way, San Francisco, CA 94127 (The Goods)
Alexander Clark
theFrontSteps Real Estate
Top 1% SF Agents
Founder theFrontSteps
DRE# 01339386
@theFrontSteps
415-254-5351
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“Alex is, simply put, the best real estate agent in San Francisco. In a span of a few years, Alex has helped us buy two homes, and sell another two. Most of those deals presented unusual, and daunting challenges–financing problems…” Continue Reading